DSME union starts vote on strike over HHI takeover

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DSME union starts vote on strike over HHI takeover

Unionized workers at Daewoo Shipbuilding & Marine Engineering began voting on whether to go on strike in opposition to Hyundai Heavy Industries’ proposed takeover.

The votes by the union will be critical in a mega-deal between HHI and the state-run Korea Development Bank (KDB).

Early this month, HHI, the world’s largest shipyard by sales, and KDB said they would sign a formal deal on DSME early next month.

KDB is DSME’s main creditor, with a 55.7-percent stake in the company.


Yonhap
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